Forward Industries (NASDAQ: FWDI), the leading Solana treasury company, today reported financial results for the twelve months ended Sept. 30, 2025, noting that despite less than one month of activity under its new Solana treasury strategy, the Company generated approximately $4.6 million in staking revenue during the fourth quarter and continues building toward long-term SOL-per-share growth. Fiscal 2025 net revenue was $18.2 million versus $20.0 million in the prior year, with operating expenses of $13.6 million compared to $7.3 million, and results reflecting a $160 million non-cash, unrealized mark-to-market loss on SOL holdings required under current accounting standards.
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About Forward Industries, Inc.
Forward Industries, Inc. is a global design company serving top tier medical and technology companies. For over 60 years the company has been successful in developing and producing a portfolio of outstanding products for some of the world’s leading companies and brands. In September 2025, Forward Industries initiated a Solana treasury strategy dedicated to acquiring SOL and increasing SOL-per-share through bespoke strategies and active management of the company’s treasury. The Company’s Solana treasury strategy is supported by industry leading investors and operating partners, including Galaxy Digital, Jump Crypto, and Multicoin Capital. For more information on the Company’s Solana treasury strategy, visit sol.forwardindustries.com.
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